How the (BH) price action is used to our Advantage
April 10, 2024, 00:14 am ET, BY Chris- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for BH
- Buy BH slightly over 187.12 target n/a stop loss @ 186.58. Details
The technical summary data tells us to buy BH near 187.12, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 186.58 to protect against excessive loss in case the stock begins to move against the trade. 187.12 is the first level of support below 195.06, and by rule, any test of support is a buy signal. In this case, if support 187.12 is being tested, a buy signal would exist.
- NONE . Details
NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.
Swing Trading Plans for BH
- Buy BH slightly over 199.1, target n/a, Stop Loss @ 198.52 Details
If 199.1 begins to break higher, the technical summary data tells us to buy BH just slightly over 199.1, with an upside target of n/a. The data also tells us to set a stop loss @ 198.52 in case the stock turns against the trade. 199.1 is the first level of resistance above 195.06, and by rule, any break above resistance is a buy signal. In this case, 199.1, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short BH slightly near 199.1, target 189.36, Stop Loss @ 199.68. Details
The technical summary data is suggesting a short of BH if it tests 199.1 with a downside target of 189.36. We should have a stop loss in place at 199.68 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 199.1, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for BH
- Buy BH slightly over 197.04, target 199.1, Stop Loss @ 196.58 Details
If 197.04 begins to break higher, the technical summary data tells us to buy BH just slightly over 197.04, with an upside target of 199.1. The data also tells us to set a stop loss @ 196.58 in case the stock turns against the trade. 197.04 is the first level of resistance above 195.06, and by rule, any break above resistance is a buy signal. In this case, 197.04, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short BH slightly near 197.04, target 193.26, Stop Loss @ 197.5. Details
The technical summary data is suggesting a short of BH if it tests 197.04 with a downside target of 193.26. We should have a stop loss in place at 197.5 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 197.04, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Biglari Holdings Inc. Class B (BH) available here: BH.
BH Ratings for April 10:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Weak |
| P1 |
0 |
0 |
138.41 |
| P2 |
193.26 |
189.36 |
162.38 |
| P3 |
197.04 |
199.1 |
187.12 |
AI Generated Signals for BH
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Biglari Holdings Inc. Class B (NYSE: BH) data table below can help you with price action, and we have more details too. Trading plans for BH are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for BH:
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